Lloyd’s mulling a move out of iconic tower to Batman building

Kate McCann is a reporter at City A.M. She covers politics and insurance and can be contacted at kate.mccann@cityam.com.

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Kate McCann

INSURANCE market Lloyd’s of London is understood to be in talks to leave its iconic building in the heart of the city for a new office in Leadenhall street.

Lloyd’s has called the unique Richard Rogers designed building home since 1986, when it was specifically commissioned to house the growing specialist insurance market. A report in yesterday’s Sunday Times that the market may move a few streets down to new premises yet to be built, dubbed Gotham City, would mark a big change for the City.

The new 36-storey tower is being developed by TIAA Henderson Real Estate. It will form part of a development called the Leadenhall Triangle, which comprises a number of existing office blocks all set to be redeveloped.

Both Lloyd’s of London and TIAA Henderson declined to comment on rumours of a move, but Lloyd’s confirmed it has a break clause on its lease in 2021. The market sold its building to Commerz Real in 2005.